South Korea's e-commerce sales jumped 21 percent on-year in the second quarter amid improving consumer sentiment, a government report showed Friday.

   Cyberspace sales totaled 247.21 trillion won (US$228.48 billion) in the April-June period, compared with 204.36 trillion won a year earlier, according to the report by Statistics Korea.

   Business-to-business (B2B) transactions amounted to 224.88 trillion won, up 23.5 percent from a year earlier. Business-to-consumer (B2C) sales rose 20.8 percent to 4.60 trillion won over the same period.

   Consumer-to-consumer (C2C) deals grew 13 percent to 2.28 trillion won, but business-to-government (B2G) transactions shrank 6 percent to 15.46 trillion won due to a fall in government-initiated deals.

   Cyber shopping sales mostly involving B2C and C2C transactions surged 17.8 percent to 7.05 trillion won during the second quarter, according to the report.

Source: Yonhap News (August 26, 2011)